MSRDC To Build New Headquarters On Bandra Reclamation

22 Sep 2025 CW Team

The Maharashtra State Road Development Corporation (MSRDC) will construct a new headquarters, MSRDC Bhavan, on the 24-acre Bandra Reclamation plot, previously used as a camp office and casting yard. The redevelopment contract was awarded to Adani Realty in February under a revenue-sharing arrangement, officials said.

“It is a joint development project and the first phase will take about five years. We will operate from Kohinoor Square mall until then,” said MSRDC managing director Anil Gaikwad. Environmental clearances for the project are already in place.

Adani Realty was selected as the preferred bidder by offering 22.79 per cent revenue to MSRDC, surpassing Larsen & Toubro’s 18 per cent offer, despite L&T having a stronger net worth of Rs 4.8 trillion compared to Adani’s Rs 2.9 trillion.

The Bandra plot has a potential development area of 4.5 million square feet and is valued at around Rs 300 billion, according to sources.

MSRDC, formed in the 1990s, initially operated from a camp office at Priyadarshini Park along Napean Sea Road, while the Bandra plot served as the site office for the Bandra-Worli Sea Link. The office was meant to be demolished after the sea link’s completion nearly 15 years ago, but MSRDC continued using the plot for temporary offices and casting yards, activist Zoru Bathena noted.

Although the plot is now used for the Versova-Bandra Sea Link, MSRDC claims ownership and development rights over it, drawing criticism over prolonged occupation similar to encroachments under Slum Rehabilitation Authority schemes, Bhathena added.

Real Estate

08 May 2026

Integrated Waterproofing Strategies

Waterproofing buildings used to be an annual pre-monsoon affair but the evolution of real-estate development has changed that approach. In new developments, developers are weaving waterproofing solutions into both the design and construction phases, an approach that Nikhil Madan, Managing Director, Mahima Group, says, “is all about ensuring lasting durability [of the building] and keeping lifecycle risks including water seepage and extensive maintenance to a minimum.”Watertight by designAluminium formwork systems aren’t commonly thought of as a waterproofing tool but at the Mahima Group,..

GROHE Showcases Water-Led Design At Milan

GROHE unveiled its GROHE SPA Aqua Sanctuary at Milan Design Week 2026, transforming Piccolo Teatro Studio Melato into an immersive showcase of water, design and wellbeing. Built on the philosophy of ‘Wellbeing Through Water’, the installation reimagined bathrooms as holistic spaces for relaxation, rejuvenation and self-care.The Aqua Sanctuary was presented through three interconnected sanctums. The first showcased the 3D-printed GROHE SPA AquaTree shower and faucet, highlighting bespoke innovation and biophilic design. The second featured the Atrio Private Collection and GROHE SPA x Buster..

Rahee Group Expands Rail Manufacturing Capacity

Rahee Group has outlined a multi-year investment roadmap to expand its operational footprint and strengthen manufacturing capabilities for India’s growing railway and urban transit sector. The Group is expanding in Odisha with a new Track Component Casting Unit, for which the groundbreaking ceremony was held on 8 April 2026 in the presence of Odisha Chief Minister Mohan Charan Majhi.The Group’s flagship EPC arm, Rahee Infratech Ltd, continues to focus on complex rail infrastructure projects, including track systems, bridges, viaducts and ballastless infrastructure. Its wholly owned subsidi..